I like it. June cash cost of $359 for 10k oz production at 8.5...

I like it.

June cash cost of $359 for 10k oz production at 8.5 g/t portends what is to come from January (perhaps at a slightly higher cost given 8.5 is higher than reserve grade of 7.3, in turn higher than overall 6.5 head grade last quarter). 1400 OVM has been delivering 100k oz pa. 120k oz pa will presumably be delivered from 1780 OVM. Evaluation of exploration targets could provide a further 550-810 OVM, which I assume would allow future production potential of 150/160k oz. Good to see them hedging their input costs (74% diesel use to July 2011). 26% increase in resource comfortably provides a 10-yr mine life.

Rowingboat.